It all depends on what the meaning of the word “is” is
Remember the media meme that tax increases were necessary to be sure the rich pay their fair share? Well apparently to democrats, the party of the little guy and the media “The Rich” doesn’t include General Electric, Citigroup, Diageo (makers of Puerto Rician Rum) Citi, Goldman Sachs, Morgan Stanley, American Wind Energy Association and The Motion Picture Association of America.
Apparently they wanted a big batch of tax credits and favors and paid millions to lobbyists to achieve them, they put these credits into a Senate bill called the Family and Business Tax Cut Certainty Act of 2012.
Now as the GOP didn’t support this massive tax giveaway and a House of Representatives with a strong Tea Party presence wasn’t about to pass it. In fact according to the site Govtrack.us…
Introduced Aug 28, 2012
Reported by Committee Aug 28, 2012
Passed Senate (not yet occurred)
Passed House (not yet occurred)
Signed by the President (not yet occurred)
The committees assigned to this bill sent it to the House or Senate as a whole for consideration on August 28, 2012.
Prognosis: 19% chance of being enacted.
Or at least that would have been the odds but according to Tim Carney of the Washington Times:
A Republican Senate aide familiar with the cliff negotiations tells me the White House wanted permanent extensions of a whole slew of corporate tax credits. When Senate Republicans said no, “the White House insisted that the exact language” of the Baucus bill be included in the fiscal cliff deal. “They were absolutely insistent,” another aide tells me. (The White House did not return requests for comment.)
Sure enough, Title II of the fiscal cliff legislation is nearly a word-for-word replication of the Family and Business Tax Cut Certainty Act of 2012.
So the Democrats,the protectors of the little guy, the people who were going to make sure that the rich paid their fair share and President Obama their champion managed to do what corporate lobbyists couldn’t add this unpassable bill into the fiscal cliff legislation, passed it in the senate and sent to the house where democrats voted for it en masse and enough establishment Republicans could make sure their corporate friends had their reward.
There was a time when media would have screamed foul, there was a time when such a bill once read and known to the public would not have been possible, but the media has already defined the villain as the GOP and the heroes as the Democrats in general and this President in particular and no amount of truth could change it.
We get the government we deserve, I really thought we deserved better.
Update: The Wall Street Journal adds to the list:
In praising Congress’s huge new tax increase, President Obama said Tuesday that “millionaires and billionaires” will finally “pay their fair share.” That is, unless you are a Nascar track owner, a wind-energy company or the owners of StarKist Tuna, among many others who managed to get their taxes reduced in Congress’s New Year celebration.
and they have a solution for the GOP
Republicans who are looking for a new populist message have one waiting here, and they could start by repudiating the corporate welfare in this New Year disgrace.
and even better they can ask where the MSM were when this happened?